Business park is finally a go

STREAMWOOD — After years of planning, construction of a 41-acre business park at the southwest corner of Buttitta Drive and Frances Avenue will begin soon.

The Village Board last week approved the final plat, engineering and landscaping plans for the Phoenix Lakes business park.

The development plan by MAC Development Corp., approved by the board Sept. 6, calls for buildings of at least 20,000 square feet on seven lots. The project will be a planned-unit development zoned for industrial and warehouse use.

Because of the cost of clearing and improving the property, the village created a tax increment financing district to provide up to $3 million for work, including streets, sewers and landscaping.

The land is vacant and has been zoned for industrial use for 25 years.